On 26 January 2021, the Basel Committee on Banking Supervision published for consultation two technical amendments to the standard on minimum haircut floors for securities financing transactions (“SFTs”). The technical […] [...]

The Financial Action Task Force (“FATF”) held a Plenary meeting between 22 and 25 February 2021.  Delegates representing the 205 members of the Global Network and observer organisations, such as […] [...]

On 16 February 2021, the Jersey Financial Services Commission (“JFSC”) issued a public statement relating to civil financial penalties totalling about £700,000 imposed on three companies in the SG Kleinwort […] [...]

On 17 January 2020, the Serious Fraud Office (“SFO”) updated its Operational Handbook to include a new chapter on evaluating a compliance programme. The update considers the relevance of compliance programmes […] [...]

On 26 February 2021, HM Treasury published an independent report on the UK Fintech sector by Ron Kalifa OBE.  At the Budget 2020, the Chancellor asked Ron Kalifa OBE to […] [...]

On 11 January 2021, the Prudential Regulation Authority (PRA) published a consultation on its proposed approach to supervising the UK activities of PRA-authorised banks and designated investment firms that are […] [...]

The 2021 solvency stress test will assess the major UK banks and building societies against a UK and global scenario that reflects a severe path for the current macroeconomic outlook. […] [...]

The FCA has reminded firms to consider the impact of national restrictions on compliance with the Principles, given their existing guidance on branch closures. In September 2020, the FCA published guidance […] [...]

On 28 January, the FCA published a consultation paper which proposed amendments to the SCA‑RTS, as well as updates and additions to its published guidance in the Regulatory Technical Standards, […] [...]

On 5 February 2021, the FCA published its review on Implementing Technology Change.  This review sets the FCA’s findings from its cross-Financial Services change management review which looked at how […] [...]

On 12 April 2021, the FCA is launching a new online invoicing portal for users to access their invoices and arrange payment of their fees. Firms should continue using the […] [...]